The buzz around Shiba Inu ($SHIB) reaching $1 is loud, but is it realistic? Letâs break down why this dream might be harder to achieve than many think.
The Massive Market Challenge
SHIB has a mind-boggling supply of over 590 trillion tokens. To hit $1, its market cap would have to exceed $590 trillion, which is more than the combined GDP of every country on Earth. Without drastic supply cuts, this goal is simply impossible in todayâs market.
Token Burns: Slow but Steady?
While SHIB developers are burning tokens to reduce supply, the process is slow. To make $1 a reality, over 99.99% of SHIBâs supply would need to disappearâan enormous task that could take years.
Utility Is Key, Not Just Hype
For SHIB to gain lasting value, it needs more than just burns. Real-world use cases and increased utility are critical. While projects like ShibaSwap are promising, SHIB still lags behind other cryptocurrencies in this area.
Lessons From Dogecoin
Dogecoin, despite its smaller supply and popularity, hasnât hit $1. Meme coins can ride the hype train, but without strong fundamentals, they often fall short of serious price targets.
Set Realistic Goals
SHIB hitting $0.01 or even $0.001 might be achievable with enough burns and interest. But $1? Thatâs a stretch. Keep expectations grounded and understand that SHIB remains a speculative investment.
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